Introduction

This GLOMACS Risk Based Operational Decision Making training seminar addresses the unavoidable contradiction of current management: Without Risk there is No Profit nor achieved objectives, but With Risk there May Be No Organization, nor Assets. By attending this training seminar, you will be able to prepare for, and manage, in circumstances where foreseen and/ or unforeseen risks may be serious or even catastrophic, but are a normal backdrop to operations, and have to be managed well within operational decision making.

During this GLOMACS training seminar on Risk Based Operational Decision Making you will learn about the operational decision making process, and the common shortfalls and inadequacies in the treatment of risk, as well as how to do it well. You will also have the chance to learn from case studies, that show good, and not so good, practice. This GLOMACS training seminar will enable you to gain insight and confidence, and improve decision making, that is often conducted poorly, but if applied coherently and rigorously in relation to the treatment of risk, can contribute extensively to performance and competitiveness of operations, and the whole organization.

This GLOMACS training seminar will highlight:

What is Risk Based Operational Decision Making, how it differs from common management decision making and how to avoid bad practices

The place of international standards and best practices

The implementation framework for Risk Based Operational Decision Making, what works & doesn’t work and why

Key roles and responsibilities

How to build the necessary cultural and system elements supporting effective & efficient Risk Based Operational Decision Making

Objectives

By the end of this GLOMACS training seminar, you will learn to:

Understand the role of Risk Based Operational Decision Making in contributing to performance and competitiveness

Apply Risk Based Operational Decision Making in their own roles

Identify opportunities for Risk Based Operational Decision Making across their organizations

Develop mechanisms to support application across the organization

Guide organizational deployment

Training Methodology

This GLOMACS Risk Based Operational Decision Making training seminar combines plenary presentation with facilitated discussion, interactive practical exercises, small-group activities and practical written and video case studies. A key element in this process is to learn from each other’s ideas, so all contributions are valued. We utilize real business case studies to show how the ideas we present have been applied in a “real world” environment, and build on each previous session by utilizing the learning points gained in a logical sequential approach.

Organisational Impact

Attendees can take the approach and tools back to their organizations and make an immediate positive impact on risk management, decision making & objectives.

The seminar will provide a catalyst for both process and cultural change

The knowledge & skills obtained will enable an effective balanced approach to risk in decision making

The gains made will not involve excessive capital expenditure

They will deliver significant and cost-effective results and improvements

They will improve the effectiveness and efficiency of the team

They will drive improvement across the organization

Personal Impact

In this GLOMACS training seminar, participants will be exposed to a range of best practice and widely recognized risk management techniques.

Create a sound basis for their recognition and management of business risk in decision making

This will enhance their knowledge, competence and employability

Enable them to identify and assess best practices

Help develop a ‘critical eye’ and challenge in relation to established practice

Enhance their confidence

Provide a basis for further learning and personal development

Who Should Attend?

Managers, supervisors and engineers at all levels will find the course useful. Extensive prior knowledge of the subject is not a prerequisite. You will be guided by an experienced professional who has both been responsible for and practiced Risk Based Operational Decision Making, and has helped companies to enhance their Decision Making activities and associated systems.

This GLOMACS training course is suitable to a wide range of professionals but will greatly benefit:

Operations, Project and Program Managers

All Other Managers

Engineers and Supervisors with specific decision making responsibilities

VAT Announcement: The Government of UAE have introduced Value Added Tax (VAT) on goods and services from 01-January-2018. In compliance with the legislation issued by the UAE Government, we will be applying a 5% VAT on the fees for all our programs and services offered from January 2018 as applicable and stipulated in the FTA circulars.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

Risk Based Operational Decision Making

Learning To Manage Most Effectively in Turbulent Times

Upcoming Dates

Code

Date

Venue

Fees

RM030

09 - 13 Sep 2018

Dubai - UAE

$4,750

RM030

08 - 12 Sep 2019

Dubai - UAE

$4,950

Introduction

This GLOMACS Risk Based Operational Decision Making training seminar addresses the unavoidable contradiction of current management: Without Risk there is No Profit nor achieved objectives, but With Risk there May Be No Organization, nor Assets. By attending this training seminar, you will be able to prepare for, and manage, in circumstances where foreseen and/ or unforeseen risks may be serious or even catastrophic, but are a normal backdrop to operations, and have to be managed well within operational decision making.

During this GLOMACS training seminar on Risk Based Operational Decision Making you will learn about the operational decision making process, and the common shortfalls and inadequacies in the treatment of risk, as well as how to do it well. You will also have the chance to learn from case studies, that show good, and not so good, practice. This GLOMACS training seminar will enable you to gain insight and confidence, and improve decision making, that is often conducted poorly, but if applied coherently and rigorously in relation to the treatment of risk, can contribute extensively to performance and competitiveness of operations, and the whole organization.

This GLOMACS training seminar will highlight:

What is Risk Based Operational Decision Making, how it differs from common management decision making and how to avoid bad practices

The place of international standards and best practices

The implementation framework for Risk Based Operational Decision Making, what works & doesn’t work and why

Key roles and responsibilities

How to build the necessary cultural and system elements supporting effective & efficient Risk Based Operational Decision Making

Objectives

By the end of this GLOMACS training seminar, you will learn to:

Understand the role of Risk Based Operational Decision Making in contributing to performance and competitiveness

Apply Risk Based Operational Decision Making in their own roles

Identify opportunities for Risk Based Operational Decision Making across their organizations

Develop mechanisms to support application across the organization

Guide organizational deployment

Training Methodology

This GLOMACS Risk Based Operational Decision Making training seminar combines plenary presentation with facilitated discussion, interactive practical exercises, small-group activities and practical written and video case studies. A key element in this process is to learn from each other’s ideas, so all contributions are valued. We utilize real business case studies to show how the ideas we present have been applied in a “real world” environment, and build on each previous session by utilizing the learning points gained in a logical sequential approach.

Organisational Impact

Attendees can take the approach and tools back to their organizations and make an immediate positive impact on risk management, decision making & objectives.

The seminar will provide a catalyst for both process and cultural change

The knowledge & skills obtained will enable an effective balanced approach to risk in decision making

The gains made will not involve excessive capital expenditure

They will deliver significant and cost-effective results and improvements

They will improve the effectiveness and efficiency of the team

They will drive improvement across the organization

Personal Impact

In this GLOMACS training seminar, participants will be exposed to a range of best practice and widely recognized risk management techniques.

Create a sound basis for their recognition and management of business risk in decision making

This will enhance their knowledge, competence and employability

Enable them to identify and assess best practices

Help develop a ‘critical eye’ and challenge in relation to established practice

Enhance their confidence

Provide a basis for further learning and personal development

Who Should Attend?

Managers, supervisors and engineers at all levels will find the course useful. Extensive prior knowledge of the subject is not a prerequisite. You will be guided by an experienced professional who has both been responsible for and practiced Risk Based Operational Decision Making, and has helped companies to enhance their Decision Making activities and associated systems.

This GLOMACS training course is suitable to a wide range of professionals but will greatly benefit:

Operations, Project and Program Managers

All Other Managers

Engineers and Supervisors with specific decision making responsibilities

Risk Based Operational Decision Making in the 3 Lines of Defense against Risk

Alignment between Risk Management Policy and the Organization

Responsibilities, Stakeholders, Reporting & Options

Importance of Engagement & Culture

Quantitative & Qualitative Risk Modelling and Reporting

Ensuring Risk Management becomes part of Significant Decision-making

DAY 4

Implementation and Making It Work

Developing & Deploying Appropriate Strategy

The Implementation Process

People, Processes & Resources

Transition Rules

Common Shortfalls & Avoiding Bad Practices

Likely Barriers to Implementation

DAY 5

Making It Work Better

Deploying & Utilizing Key Risk Indicators

Leadership & Structural Change

Continuous Improvement & Lessons Learnt

Building an Anti-Fragile Organization

Open Forum

GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.

The training has been so educative and insightful. This is my first time of attending Glomacs training and I am really impressed about the thoroughness and attention to details. The course was really educative, and quality of content was great. The training was well organised and structured. I'll recommend Glomacs again and again.